Tuesday, August 20, 2019

Resolve Systems Buys FixStream For $24M

Irvine-based Resolve Systems, a developer of IT automation and orchestration software, announced today that it has acquired FixStream, a developer of artificial intelligence IT automation software. Resolve said it paid $24M to acquire FixStream, in a deal which is expected to close at the end of September. Resolve Systems said the deal will help it create a unified platform which combines artificial intelligence with automation. Resolve Systems is led by CEO John Ferron. FixStream was founded in 2013, and was based in San Francisco. Resolve is majority owned by private equity investor Insight Partners.

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